Need Advice

Need Advice

I have a credit card that had a cl of 4000. I recently paid $2200 on it leaving me with a balance of $1800. Should I see a big increase in my credit score once this payment is updated with the cra's? Also I sent a PFD letter for a collection account, if they agree to delete account will that also impact my credit score?

Re: Need Advice

Good job on the pmt. You'll see a small score bump on your CC, assuming that is your only CC and that you don't have any CC charge-offs. YMMV and would also depend on overall credit. 10 pts maybe? If you were to pay it by 800 more, I believe you'll see a higher bump (again assuming only card) as your util is under 35%.

The CA removal will help. It would depend on how many you have now and how new or old it is. Some people have reported 50+pt jumps with a removal. My very first removal of 5 reporting then resulted in a 5 pt gain.

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Many factors affect your FICO Scores and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating.
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IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.